2016 Real Estate Hot Spots
At the beginning of the year, real estate markets followed the regular January pattern: supply grew slowly, but demand was sluggish too. That changed as we came into February, where demand grew rapidly as we moved into Spring. Inventory grew, but not quickly enough to keep up with demand, so the median price list was nudged up by 1% from January–an 8% jump from the previous February. Those who sought to…